News round-up from the National Association of Commercial Finance Brokers (NACFB) regarding Cyber Risk …
The Pandemic exposes cyber security vulnerabilities
UK SMEs are at risk of 65,000 cyber security attacks daily, with around 4,500 of these being successful, with the figure potentially much high since the beginning of the pandemic, according to a new report from Robert Walters and Vacancysoft.
Half of consumers (44%) have stated that they would stop using a company online if they were to be breached during a cyber-attack – concerning news for many retail and service operators who have pivoted their business to be more online-centric in response to widespread lockdown measures.
In May 2020 alone, ecommerce transactions grew by 168% and currently represent 27.5% of total retail sales this year – this is expected to grow to represent a third (32.1%) of all retail sales by 2024.
Let ARC assist you with the right Cyber Insurance Protection, contact us today on 01529 675 021 or visit www.arcbrokerservices.co.uk
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